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Help with inherited investment account

Bogleheads • View forum - Investing - Help with Personal Investments - www.bogleheads.org
Hi, I need some help/advice with how to best invest an inherited IRA from my grandmother.

Here is what is in the Edward Jones account I inherited (we all had to open an account to obtain our share).

$38k in cash

$13k in stocks

$31 in mutual funds

$10k in ETF's

$10k in bonds

I don't really know what to do with it. I have spoken several times with Vanguard about moving the money there. They have recommended an 80/20 stock/bond split.

I am 44 years old. I am a public employee that has a pension available starting at age 58. At that point I get 66% of the average of my highest 5 years salary. Outside of that I have an employer funded 403b that has $4500 that my employer contributes 2% of my salary to.

I also inherited part of a farm when my grandma passed. It is currently rented and my income would be $6k / year from that farm. I would like to sell, but not sure that is an option with the other parties involved.

1) What do I do with the Edward Jones Portfolio? Do I move it to Vanguard and invest it? If so, what should it be put into?

2) What can I do with the yearly farm income to invest?

3) What do I do with the required minimum distribution every year?

4) It is imperative that all of the inherited property remain my property and do not become community property. What do I need to do to keep these assets protected?

Thanks in advance for any help or suggestions. I am pretty lost on what to do.
Date: Jan 13, 2018   


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